Ecological sourcing of products and services
Erste Group Procurement (EGP) continued its efforts to include environmental criteria in its purchasing activities. Since 2014, the “Ethical and Environmental Code of Conduct for Suppliers of Goods and Services” of EGP has been applied across the group. Supplier evaluation criteria include besides economic criteria also sustainability and environmental aspects. In addition, EGP staff must pass the online test of the “Chartered Institute of Procurement and Supply (CIPS)” based in England.
Bank products with ecological benefits
Erste Group continuously develops products and services for its customers that incorporate sustainability criteria, including in-vestment products and financing. Especially Erste’s Asset Management company contributes to this targets and is market leader with sustainable investment funds.
Other environmental initiatives
Across the group, existing lighting systems have been replaced with LED systems wherever this made sense from an economical and technical point of view. At Erste Campus, water from large rainwater cisterns has been used for watering green spaces and flushing toilets since 2018.
In 2020, Erste Bank Restaurantbetriebe switched to a reusable system for coffee cups at all restaurants it operates at Erste Campus. This initiative will save at least 85,000 disposable coffee to-go cups per year.
One element of Erste Group's environmental strategy is cooperation with environmental NGOs. They offer access to their local and international expertise and provide Erste Group with valuable support in its efforts to improve its ecological sustainability. An example of this is the close cooperation between Erste Asset Management and WWF in the area of ecologically particularly sustainable investment funds. With an increase in value of 77% in 2020, the ERSTE WWF Stock Environment Fund underlined that sustainability and financial performance can be combined.
Slovenská sporiteľňa and Allgemeine Sparkasse Oberösterreich keep bee hives on the rooftops of their headquarters, following the example of Erste Campus in Vienna. In addition to producing excellent honey, these bee hives also serve as a visible symbol of the need for nature conservation.
For further information, please refer to Erste Group's (consolidated) non-financial report (NFI report 2020).